ABSTRACT
This study investigated the effect of commercial bank loan and advances on manufacturing and allied sector in Nigeria. The objective of the study was to investigate the effect of commercial bank loans and advances on manufacturing sector and to establish the relationship. between bank lending interest rate and manufacturing sector performance. Secondary . source of, data was employed obtained from Central bank statistical bulletin. Ordinary least squared multiple regression model was used to establish the relationship between dependent variable and independent variables. The finding revealed that commercial bank loan, advances and interest rate had a significant relationship on manufacturing sector. It was recommended that government should endeavor to ensure that there are available and sufficient credit allocated to the manufacturing sector in Nigeria with reasonable or affordable interest rates, because if Nigeria will meet its millennium goals, she will have to depend on productive and services produced within her boundaries.
TABLE OF CONTENTS
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem 3
1.3 Objectives of the Study 4
1.4 Research Questions 4
1.5 Hypotheses of the Study 4
1.6 Significance of the Study 4
1.7 Scope of the Study 5
1.8 Definition of Terms 5
CHAPTER TWO
LITERATURE REVIEW AND THEORETICALFRAMEWORK
2.1 CONCEPTUAL FRAMEWORK 7
2.1.1 Concept of Loans and Advances 7
2.1.1.1 Bank Loans and Advances: Principles, Processes and Procedures 8
2.1.1.2 Types of Bank Loans and Advances 9
2.1.1.3 Overview of Commercial Bank Loans and Advances to the Manufacturing/ Allied Sector in.Nigeria.
2.1.2 Concept of Manufacturing and Manufacturing/ Allied Sector Output 12
2.1.2.1 J?evelopment of Manufacturing/ Allied Sector in Nigeria 14
2.1.3 Concept of Interest Rate 15
2.2 THEORETICAL FRAMEWORK 16
2.2.1 Loanable Fund Theory 16
2.2.2 Balanced Growth Theory 17
2.2.3 Theory of Financial intermediation 18
2.2.4 The Financial Liberalization Theory 19
2.2.5 Unbalanced Growth theory 20
2.3 EMPIRICAL LITERATURE 20
2.4 Gap in the Literature 25
CHAPTER THREE RESEARCH METHODOLOGY
3 .1 Research Design 26
3.2 Area of the Study 26
3.3 Nature, Sources and Methods of Data Collection 27
3.4 Model Specification 27
3.5 Description of Variables 28
3.5.1 Dependent variable 28
3.5.2 Independent variable 29
3.6 Techniques of Analysis 29
3.6.1 t-statistic 29
3.6.2 F-statistic 30
3.6.3 R-squared 30
3.6.4 Durbin-Watson statistic 30
CHAPTER 4
DATA PRESENTATION AND ANALYSIS
4.1 Data Presentation 31
Table 1: Descriptive Analysis of Selected Variables 31
4.2 Test of Hypotheses 33
4.2.1 Hypothesis I 33
Table 1: Regression of Commercial Bank Loans and Lending rate on the Gross Domestic Product (GDP) Contribution of the Manufacturing Sector in Nigeria 34
4.2.2 Hypothesis II 35
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of findings 38
5 .2 Conclusion 38
5.3 Recommendations 38
References
EZENWA, J (2021). Effect Of Commercial Bank (Loan Of Advances On Development Of Manufacturing and Allied Sectors In Nigeria. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-commercial-bank-loan-of-advances-on-development-of-manufacturing-and-allied-sectors-in-nigeria-7-2
JACINTA, EZENWA. "Effect Of Commercial Bank (Loan Of Advances On Development Of Manufacturing and Allied Sectors In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 09 Mar. 2021, https://repository.mouau.edu.ng/work/view/effect-of-commercial-bank-loan-of-advances-on-development-of-manufacturing-and-allied-sectors-in-nigeria-7-2. Accessed 31 Oct. 2024.
JACINTA, EZENWA. "Effect Of Commercial Bank (Loan Of Advances On Development Of Manufacturing and Allied Sectors In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 09 Mar. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-commercial-bank-loan-of-advances-on-development-of-manufacturing-and-allied-sectors-in-nigeria-7-2 >.
JACINTA, EZENWA. "Effect Of Commercial Bank (Loan Of Advances On Development Of Manufacturing and Allied Sectors In Nigeria" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-commercial-bank-loan-of-advances-on-development-of-manufacturing-and-allied-sectors-in-nigeria-7-2